https://www.taxtmi.com/caselaws?id=441163 The ITAT partly allowed the assessee's appeal, directing the AO to verify and allow claims as per guidelines. The Department's appeal was dismissed, affirming the Supreme Court's decision on exemptions and classification of receipts. The ITAT emphasized adherence to judicial precedents and statutory provisions in determining tax treatment. en-us Wed, 26 Jul 2023 00:00:00 +0530 Wed, 02 Aug 2023 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441163 The ITAT partly allowed the assessee's appeal, directing the AO to verify and allow claims as per guidelines. The Department's appeal was dismissed, affirming the Supreme Court's decision on exemptions and classification of receipts. The ITAT emphasized adherence to judicial precedents and statutory provisions in determining tax treatment. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441163